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URL:  http://boards.fool.com/not-sure-i-agree-in-any-case-every-year-i-get-25360793.aspx

Subject:  Re: Poll: 401K Roll it? Take it? Date:  4/4/2007  11:50 AM
Author:  Jim2B Number:  56590 of 75379

Not sure I agree. In any case, every year I get offered no-interest credit cards with the no-interest part lasting for at least a year. I guess my credit must be fine.

Not necessarily true. If you read the fine print you'll find that they don't have to give you the deal identified in their letter. When you call, they'll determine what sort of deal you'll actually get. Sometimes it's significantly different (and worse) than the one described in the letter.

What I've found is that people with high CC debt tend to get more of these offers (regardless of the actual credit rating). It seems that significant activity (by either increasing or decreasing the debt) also seems to increase the number of offers.

At one time I was getting ~1 offer / day from just Chase!

Lately that's slowed a bit because the rate that I've paid down my debt has slowed a bit.

Jim
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